Methyl Isobutyl Ketone (MIBK)
Methyl Isobutyl Ketone (MIBK) is a widely used solvent known for its excellent solvency properties and relatively low toxicity. It finds applications as a solve...
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Buyers Hold Back as MIBK Prices Ease; Deepak Phenolics Entry in Focus
MIBK prices in India declined amid subdued demand, high port inventories, and falling replacement costs. Offers are now INR 116–119/kg depending on payment terms. While demand remains weak in bulk drug and rubber sectors, stable offtake in paints and coatings provides limited support. Deepak Phenolics’ entry may shift future supply trends.
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MIBK Prices Slide in India as Imports and Inventory Surplus Weigh on Market
MIBK prices declined due to weak demand, surplus inventories, and lower replacement costs. Traders anticipate further corrections, with prices now at INR 122-124/kg. Despite seasonal support, market sentiment remains bearish. Speculation about Deepak Phenolics entering MIBK production could impact future supply. The paints and coatings sector provides some stability.
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Indian Ethyl Acetate Market Braces for Further Upside on Rising Raw Material Costs
Ethyl acetate markets showed mixed trends as acetic acid softened domestically but firmed in China. Ethanol prices surged on higher blending mandates, while methanol declined. Strong downstream demand and GST cuts for polymers are expected to boost momentum. Rising exports may create domestic shortages, keeping the outlook volatile yet firm.
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IPA Prices in India Under Pressure, Recovery Hinges on Bulk Drug Uptick
IPA prices in India corrected to ₹80–84/kg amid oversupply from imports and weak sentiment linked to softer propylene and acetone values. Demand remains concentrated in pharmaceuticals and personal care, together forming half of consumption. Market outlook stays bearish short term, but recovery is expected as bulk drug output strengthens.
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India Acetone Prices Hold Steady at ₹60/kg; Demand Recovery Expected Post-Monsoon
Acetone prices in India firmed to ₹60/kg amid stable supply and subdued demand. Imports matched domestic offers, while Asian benchmarks continued downward corrections. Feedstock costs declined, supporting production. Demand from bulk drugs remains weak, but personal care, adhesives, and inks are expected to drive recovery post-monsoon.
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India Holds Firm as Sanctions Reshape Asia’s Methanol Trade
Methanol markets across Asia remained muted this week. India stood out as the strongest netback market, with sanctions on Iranian cargoes tightening availability and keeping prices firm near ₹30/kg despite cautious demand during a festive lull. Non-sanctioned sellers are largely sold out for September, leaving October offers pending, while global production shortfalls and diverted cargoes continue to shape regional trade flows.
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Backwardation Benzene Futures Hint at Bearish Sentiment for Toluene Ahead
Domestic toluene prices rose by ₹1/kg amid thin festive trading and limited supply. Demand from pharma, paints, and coatings stayed weak due to monsoon disruptions. Imports are expected to ease tightness later in August. Refinery margins remain pressured, while Asian benzene futures signal bearish sentiment, keeping the medium-term outlook cautious.
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US Crackdown on Artificial Food Dyes Spurs Curcumin Demand as Heavy Monsoons Pressure Indian Turmeric Yields
Curcumin prices surged 8–9% this week on supply disruptions from heavy monsoons and firm demand from pharma and nutraceuticals. Regulatory shifts, including the U.S. crackdown on artificial dyes, are driving global adoption of Curcumin E100. With tight feedstock availability and bullish fundamentals, buyers are advised to secure inventories early.
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Acetic Acid Holding Firm For Now; Methanol Crunch and Demand Revival Set Stage for Surge
Indian Acetic Acid prices remain stable despite downstream price adjustments and feedstock concerns. Methanol supply risks from U.S. sanctions on Iranian exporters could tighten availability and push costs higher. Post-monsoon demand from VAM and pharma segments may support prices, making this a good window for strategic inventory building.
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